Managing – Project Manager – Australia's online resource for project management professionals

5 reasons why opportunity should be part of your risk management

Risk Doctor David Hillson believes there are many compelling reasons to practice inclusive risk management that addresses both threats and opportunities. Here are the ‘five Cs’ of why opportunity should be part of your risk management.

June 14, 2021

Risk

Demystifying quantitative risk analysis

Quantitative risk analysis is clearly a very powerful technique in the risk professional’s toolkit, but it seems to be hard to use. Here are some of its strengths and weaknesses.

January 25, 2021

Risk
Tools

The secret of risk-based decision-making

The idea of ‘risk-based decision-making’ is becoming increasingly popular, and decision-makers at all levels are keen to ensure that their decisions take risk properly into account. But perhaps the term ‘risk-based decision-making’ is mistaken.

December 7, 2020

Risk

The case for diversity in project management

Not so long ago, the biggest cohort of project managers was engineers close to retirement. Today, project management draws practitioners from all walks of life and diversity has proved beneficial for the discipline.

June 17, 2020

Providing risk infrastructure to support opportunity management

Failure to provide an appropriate level of risk infrastructure can cripple risk management in an organisation. Too little support makes it difficult to implement the risk process efficiently, while too much infrastructure adds to the cost overhead.

September 12, 2019

Risk

Synergy between tacit and explicit knowledge

Although project management maturity in Nepal is in its early stages, the idea of capturing tacit and explicit knowledge in order to help project managers better manage projects has been well-received, writes Andrew Dahal.

October 26, 2016

Knowledge

How feasibility studies vary by industry

Activities conducted during feasibility studies tend to be generic across private and public sectors regardless of the type of project, but there are certain variances, outlines Mohammad Farooq.

September 27, 2016

Scope

How to build an effective steering committee

Far too many sponsors, executives and project managers waste time in ineffective steering committee meetings. Dr Lynda Bourne provides advice that could save your project control board thousands of dollars in wasted time.

September 13, 2016

Assurance for high risk projects

Why do so many governing bodies allow their organisations to embark on high risk projects without insisting on a robust, independent assurance function? Pat Weaver addresses what assurance should do.

August 17, 2016

Risk